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Nonprofiteer
← NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$20,090,272
Total expenses
$13,680,130
Contributions and grants received
$17,585,636
Grants paid
$12,224,338
Program service revenue
$0
Investment income
$711,989
Other revenue
$1,792,647
Total assets, end of year
$49,204,677
Total liabilities, end of year
$295,130
Net assets or fund balances, end of year
$48,909,547
Program services expenses (Part IX)
$12,224,338
Management and general expenses
$1,455,792
Fundraising expenses
$0
Program service expenses (Part III)
$12,224,338

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PAULA HUBBARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D CARR THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CORNELIUS L BEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES SPEED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GEOFFREY HUDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CHARLES TRAVIS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARRY STAFFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GARLAND R AVENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KAMARIA BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONICA PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER BOOZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNSON AKINLEYE

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • SUSAN HESTER INSTITUTIONAL ADVANCEM

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • TOMEIKA A BOWDEN

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • FRANKIE J PERRY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    11

  • ERNEST JENKINS

    VICE PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $291,508
    From this org
    $278,950
    From related orgs
    $0
    Other
    $12,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,200
    Bonus
    $27,750
    Other
    $0
    Deferred
    $6,783
    Nontaxable benefits
    $5,775
    Filer's total
    $291,508

  • JAMES D WILLIAMS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • FLOYD BENJAMIN UNTIL 62023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTOINETTE DR BURWELL FROM 922

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CALVIN J CROSSLIN FROM 922

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HERBERT RIVERA-SANCHEZ FROM 922

    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. 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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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)

PART I, LINE 1A
THE CHANCELLOR'S RESIDENCE IS OWNED AND MAINTAINED BY THE UNIVERSITY.
PART I, LINE 3
THE COMPENSATION PACKAGES FOR CHANCELLORS WITHIN THE UNC SYSTEM ARE NEGOTIATED WITH THE CHOSEN CANDIDATE AND THE PRESIDENT OF UNC GA. THE PRESIDENT FORWARDS A RECOMMENDED SALARY TO THE UNC BOARD OF GOVERNORS FOR APPROVAL AND ACCEPTANCE.

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431349349308123

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