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Nonprofiteer
← NORTH CAROLINA TEXTILE FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA TEXTILE FOUNDATION INC.

Totals

Total revenue
$6,538,403
Total expenses
$4,719,381
Contributions and grants received
$2,407,459
Grants paid
$1,453,392
Program service revenue
$9,083
Investment income
$4,121,861
Other revenue
$0
Total assets, end of year
$84,202,750
Total liabilities, end of year
$463,490
Net assets or fund balances, end of year
$83,739,260
Program services expenses (Part IX)
$3,403,336
Management and general expenses
$705,377
Fundraising expenses
$610,668
Program service expenses (Part III)
$3,403,336

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICK ELMORE

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW GRIFFITH

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES HEILIG III

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HINKS

    BOARD OF DIRECTOR

    Total calculated
    $320,268
    From this org
    $0
    From related orgs
    $275,788
    Other
    $44,480
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,788 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,769 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $320,268 related

  • WESLEY HORNE

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELAINE HUGHES

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY ISENHOUR

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY CHAPMAN JR

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES FLYNT JR

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MINDY OAKLEY

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEIB OEHMIG

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN PERKINS

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRASHANT PRABHU

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE RAGSDALE

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENDAN SULLIVAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NANCY WEBSTER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH CALABRESE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KENNETH HUGGINS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ERIN DELEHANTY

    ASSISTANT TREASURER

    Total calculated
    $229,915
    From this org
    $0
    From related orgs
    $178,758
    Other
    $51,157
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,758 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,446 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $229,915 related

  • DANA HARRIS

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARY PELOQUIN-DODD

    FORMER ASSISTANT TREASURER

    Total calculated
    $335,352
    From this org
    $0
    From related orgs
    $290,924
    Other
    $44,428
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,924 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,597 related
    Nontaxable benefits
    $0 + $5,831 related
    Filer's total
    $0 + $335,352 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

  • 3 · Approval by the board or compensation committee

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 II - COMPENSATION FROM RELATED ORGANIZATIONS
THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 170(C)(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC.

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

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
2022
Filed
11 December 2023
IRS schema version
2022v5.0
Source object
202343549349301109

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