Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $131,361,397

• 1g · Noncash contributions included above

  $5,741,546

• 2a · Program service revenue: PROGRAM REVENUES

  total $9,035,321 · related or exempt $9,035,321

• 3 · Investment income

  total $3,521,357 · unrelated business -$10,842 · excluded $3,532,199

• 7a · Gross sales of assets other than inventory

  securities $59,910,173 · other assets $1,183,546

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

  securities $32,851,939 · other assets $7,196,664

• 7c · Gain or loss

  securities $27,058,234 · other assets -$6,013,118

• 7d · Net gain or loss

  total $21,045,116 · excluded $21,045,116

• 8a · Fundraising events: gross income

  $27,290

• 8b · Fundraising events: direct expenses

  $46,251

• 8c · Net income from fundraising events

  total -$18,961 · excluded -$18,961

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $30,183,283 · program services $30,183,283

• 7 · Other salaries and wages

  total $3,764,968 · fundraising $3,764,968

• 11b · Fees: legal

  total $32,393 · program services $11,500 · management and general $16,044 · fundraising $4,849

• 11c · Fees: accounting

  total $253,861 · program services $211,861 · management and general $42,000

• 11f · Fees: investment management

  total $363,986 · management and general $363,986

• 11g · Fees: other

  total $3,973,665 · program services $858,103 · fundraising $3,115,562

• 12 · Advertising and promotion

  total $313,247 · program services $238,604 · fundraising $74,643

• 13 · Office expenses

  total $527,113 · program services $193,940 · fundraising $333,173

• 16 · Occupancy

  total $187,926 · program services $57,182 · fundraising $130,744

• 17 · Travel

  total $1,725,876 · program services $1,484,075 · fundraising $241,801

• 19 · Conferences, conventions and meetings

  total $473,767 · program services $378,894 · fundraising $94,873

• 22 · Depreciation, depletion and amortization

  total $210,668 · program services $210,668

• 23 · Insurance

  total $108,989 · program services $23,172 · fundraising $85,817

• 24a · Other expenses: SERVICES & FEES

  total $6,749,513 · program services $5,311,709 · fundraising $1,437,804

• 24b · Other expenses: SUPPLIES

  total $1,587,671 · program services $1,100,744 · fundraising $486,927

• 24c · Other expenses: EQUIPMENT RENTAL & MAIN

  total $1,579,453 · program services $1,042,812 · fundraising $536,641

• 24d · Other expenses: DEPARTMENTAL EQUIPMENT

  total $785,513 · program services $590,921 · fundraising $194,592

• 24e · All other expenses

  total $1,013,659 · program services $306,728 · fundraising $706,931

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $76,586,884 · end of year $81,055,026

• 3 · Pledges and grants receivable

  beginning of year $25,490,889 · end of year $23,422,531

• 4 · Accounts receivable

  beginning of year $13,781 · end of year $42,501

• 9 · Prepaid expenses and deferred charges

  end of year $7,188

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

  $11,350

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $7,414,249 · end of year $11,350

• 12 · Investments: other securities

  beginning of year $639,318,395 · end of year $799,622,169

• 14 · Intangible assets

  end of year $33,267

• 15 · Other assets

  beginning of year $6,659,510 · end of year $6,484,174

• 17 · Accounts payable and accrued expenses

  beginning of year $156,113 · end of year $175,897

• 19 · Deferred revenue

  beginning of year $115,625 · end of year $102,250

• 21 · Escrow or custodial account liability

  end of year $51,775

• 25 · Other liabilities

  beginning of year $8,848,106 · end of year $8,810,592

• 27 · Net assets without donor restrictions

  beginning of year $25,143,045 · end of year $24,689,048

• 28 · Net assets with donor restrictions

  beginning of year $721,220,819 · end of year $876,848,644

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS AND OFFICERS OF NC STATE UNIVERSITY FOUNDATION INC THAT RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO NC STATE UNIVERSITY FOUNDATION INC. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION.

Disregarded entities

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

• NC STATE EXECUTIVE EDUCATION LLC

  SUPPORT ORGANIZATION OF NC STATE UNIVERSITY-EXECUTIVE EDUCATION PROGRAM · NC · income $1,164,384 · assets $633,339

  Directly controlled by NORTH CAROLINA STATE UNIVERSITY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (11)

  T · ASSET INVESTMENT · NC

  Directly controlled by NORTH CAROLINA STATE UNIVERSITY

• CHARITABLE REMAINDER TRUSTS - EXTERNALLY MANAGED (1)

  T · ASSET INVESTMENT · NC