Form 990 for tax year 2023
Filed by AGGIE ATHLETIC FOUNDATION OF NORTH CAROLINA A&T STATE UNIVERSIT.
Totals
- Total revenue
- $1,593,410
- Total expenses
- $1,650,138
- Contributions and grants received
- $1,593,410
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,487,493
- Total liabilities, end of year
- $150,068
- Net assets or fund balances, end of year
- $2,337,425
- Program services expenses (Part IX)
- $972,232
- Management and general expenses
- $677,906
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $972,232
Program services were 58.9% 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
$1,593,410
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $105,082 · management and general $105,082
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,000 · program services $7,000
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $90,619 · program services $90,619
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $40,297 · program services $22,450 · management and general $17,847
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $33,334 · program services $33,334
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $7,758 · program services $7,758
-
23 · Insurance
total $0
-
24a · Other expenses: Academic and departmental/Scholarships and awards
total $3,009 · program services $3,009
-
24b · Other expenses: Food services
total $168,718 · program services $112,850 · management and general $55,868
-
24c · Other expenses: Other fees
total $209,881 · program services $203,082 · management and general $6,799
-
24d · Other expenses: Uniforms/Supplies and equipment
total $75,028 · program services $16,802 · management and general $58,226
-
24e · All other expenses
total $909,412 · program services $475,328 · management and general $434,084
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,791,319 · end of year $1,708,399
-
3 · Pledges and grants receivable
beginning of year $186,948 · end of year $54,516
-
4 · Accounts receivable
beginning of year $68 · end of year $68
-
10a · Land, buildings and equipment: cost or other basis
$54,305
-
10b · Land, buildings and equipment: accumulated depreciation
$21,390
-
10c · Land, buildings and equipment, net
beginning of year $40,673 · end of year $32,915
-
12 · Investments: other securities
beginning of year $595,486 · end of year $691,595
-
17 · Accounts payable and accrued expenses
beginning of year $220,341 · end of year $150,068
-
27 · Net assets without donor restrictions
beginning of year $1,008,561
-
28 · Net assets with donor restrictions
beginning of year $1,385,592 · end of year $2,337,425
Mission and programs · 2023
Mission
A Not-for-Profit corporation formed to provide support to the Athletic Department at North Carolina AT University consistent with the purposes set forth in its corporate chapter, as properly amended from time to time. In furthreance of said purposes and within the requirement for and organization qualified under section 501c3 of the IRC.
Activities or mission (Part I)
The Aggie Athletic Foundation, Inc. is to provide support to the Athletics Department at North Carolina AT State University and to foster the athletic, academic and social development of student athletes.
-
ATHLETIC SUPPORT - The Foundation hosted and co-hosted multiple athletic events for the University, such as VIP Tent during football season, donor reception during Big South basketball tournament, Aggie 100K appreciation dinner, and pregame hospitality events.
Expenses $969,223
-
CONTRIBUTIONS - Provided contributions to the University in the form of scholarships for the year ended June 30, 2024 totaling 3,009.
Expenses $3,009
As filed on the 2023 return.
Listed in Part VII
-
Shamika Pyfrom
Executive Director
- Total calculated
- $101,764
- From this org
- $101,764
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15 + 40 related
-
Hope Rush
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Darnell Glover
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kim Sowell
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Frank McCain
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Earl Hilton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Sigmon Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maseo Bolin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terrance Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steven Harrington
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donna Ford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deidra Merriwether
Director
- Total calculated
- $0
- Hours/week
- 1
-
W Spencer Gwynn
Director
- Total calculated
- $0
- Hours/week
- 1
-
William Blakeley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shandette Harper
Director
- Total calculated
- $0
- Hours/week
- 1
-
Corey Elliott
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Parker
Director
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531369349300123
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