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Nonprofiteer
← CAMPBELL UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by CAMPBELL UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$1,492,327
Total expenses
$1,309,652
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,434,527
Other revenue
$57,800
Total assets, end of year
$65,079,473
Total liabilities, end of year
$61,216,068
Net assets or fund balances, end of year
$3,863,405
Program services expenses (Part IX)
$1,309,652
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,309,652

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,396,437 · excluded $1,396,437

  • 6a · Gross rents

    real property $57,800

  • 6c · Rental income or loss

    real property $57,800 · personal property $0

  • 6d · Net rental income or loss

    total $57,800 · excluded $57,800

  • 7a · Gross sales of assets other than inventory

    securities $43,569 · other assets $35,000

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

    securities $38,979 · other assets $1,500

  • 7c · Gain or loss

    securities $4,590 · other assets $33,500

  • 7d · Net gain or loss

    total $38,090 · excluded $38,090

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $4,820 · program services $4,820

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,241,474 · program services $1,241,474

  • 22 · Depreciation, depletion and amortization

    total $28,372 · program services $28,372

  • 24a · Other expenses: OTHER EXPENSES

    total $34,986 · program services $34,986

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,512,198 · end of year $6,977,500

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $58,411,933 · end of year $57,369,066

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $945,745

  • 10b · Land, buildings and equipment: accumulated depreciation

    $282,009

  • 10c · Land, buildings and equipment, net

    beginning of year $682,867 · end of year $663,736

  • 11 · Investments: publicly traded securities

    beginning of year $66,819 · end of year $69,171

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $32,098 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $58,031,561 · end of year $56,987,089

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,999,038 · end of year $4,228,979

  • 27 · Net assets without donor restrictions

    beginning of year $3,630,197 · end of year $3,807,833

  • 28 · Net assets with donor restrictions

    beginning of year $45,119 · end of year $55,572

Mission and programs · 2024

Mission

SUPPORT CAMPBELL UNIVERSITY.

  • HELD PROPERTY FOR THE SUPPORT OF CAMPBELL UNIVERSITY.

    Expenses $1,309,652

As filed on the 2024 return.

Listed in Part VII

  • Gene Lewis

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • Mary Willis

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Alexander Keith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick Taylor II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Leah Devlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Luby Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Robert Ransdell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Robert Wellons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheila Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Stroud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Townsend Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • J Bradley Creed

    President

    Total calculated
    $584,853
    From this org
    $0
    From related orgs
    $559,314
    Other
    $25,539
    Hours/week
    1 + 65 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,306 related
    Bonus
    $0
    Other
    $0 + $113,008 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $11,739 related
    Filer's total
    $0 + $584,853 related

  • John T Roberson

    Executive VP & BOARD SECRETARY

    Total calculated
    $395,306
    From this org
    $0
    From related orgs
    $369,931
    Other
    $25,375
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,367 related
    Bonus
    $0
    Other
    $0 + $2,564 related
    Deferred
    $0 + $12,833 related
    Nontaxable benefits
    $0 + $12,542 related
    Filer's total
    $0 + $395,306 related

  • Julie A Byrd

    COMPTROLLER & BOARD TREASURER

    Total calculated
    $173,730
    From this org
    $0
    From related orgs
    $155,686
    Other
    $18,044
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,238 related
    Bonus
    $0
    Other
    $0 + $1,448 related
    Deferred
    $0 + $6,313 related
    Nontaxable benefits
    $0 + $11,731 related
    Filer's total
    $0 + $173,730 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION IS PAID ONLY BY CAMPBELL UNIVERSITY, FOUNDATION HAS NO PAYROLL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.1
Source object
202640999349300144

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