Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $12,682

• 1d · Related organizations

  $467,908

• 1f · All other contributions, gifts and grants

  $2,833,865

• 1g · Noncash contributions included above

  $150,961

• 2a · Program service revenue: LEADERSHIP PROGRAM INITIATIVE

  total $60,000 · related or exempt $60,000

• 2b · Program service revenue: OTHER PROGRAM SERVICE REVENUE

  total $22,014 · related or exempt $22,014

• 2c · Program service revenue: REGISTRATION FEES

  total $12,415 · related or exempt $12,415

• 2d · Program service revenue: CONTRACTUAL EDUCATION SUPPORT

  total $7,234 · related or exempt $7,234

• 3 · Investment income

  total $245,782 · excluded $245,782

• 6a · Gross rents

  real property $197,690

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $197,690

• 6d · Net rental income or loss

  total $197,690 · excluded $197,690

• 7a · Gross sales of assets other than inventory

  securities $9,534,077

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

  securities $7,920,906

• 7c · Gain or loss

  securities $1,613,171

• 7d · Net gain or loss

  total $1,613,171 · excluded $1,613,171

• 8a · Fundraising events: gross income

  $3,682

• 8a · Fundraising events: contributions included on line 1c

  $12,682

• 8b · Fundraising events: direct expenses

  $3,682

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,020,460 · program services $1,020,460

• 2 · Grants to domestic individuals

  total $1,272,353 · program services $1,272,353

• 11b · Fees: legal

  total $5,375 · management and general $5,375

• 11c · Fees: accounting

  total $17,300 · management and general $17,300

• 11f · Fees: investment management

  total $722 · management and general $722

• 11g · Fees: other

  total $1,456,028 · program services $847,568 · management and general $152,381 · fundraising $456,079

• 12 · Advertising and promotion

  total $54,342 · program services $34,314 · management and general $1,371 · fundraising $18,657

• 13 · Office expenses

  total $354,876 · program services $319,252 · management and general $4,084 · fundraising $31,540

• 14 · Information technology

  total $31,564 · program services $27,899 · management and general $3,665

• 16 · Occupancy

  total $17,794 · management and general $17,794

• 17 · Travel

  total $154,476 · program services $143,990 · management and general $283 · fundraising $10,203

• 19 · Conferences, conventions and meetings

  total $1,619 · fundraising $1,619

• 22 · Depreciation, depletion and amortization

  total $2,350 · program services $2,350

• 23 · Insurance

  total $20,669 · program services $1,713 · management and general $18,956

• 24a · Other expenses: FOOD PRODUCTS

  total $338,011 · program services $286,522 · management and general $5,997 · fundraising $45,492

• 24b · Other expenses: CLINICAL AND RESEARCH E

  total $168,533 · program services $168,533

• 24c · Other expenses: EDUCATIONAL EXPENSES

  total $50,495 · program services $50,495

• 24d · Other expenses: ACKNOWLEDGEMENT AND REC

  total $41,428 · program services $35,440 · fundraising $5,988

• 24e · All other expenses

  total $110,184 · program services $99,329 · management and general $10,699 · fundraising $156

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,648,912 · end of year $3,441,693

• 3 · Pledges and grants receivable

  beginning of year $2,289,066 · end of year $1,892,398

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,727 · end of year $7,973

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

  $2,758,526

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

  $46,804

• 10c · Land, buildings and equipment, net

  beginning of year $2,714,072 · end of year $2,711,722

• 11 · Investments: publicly traded securities

  beginning of year $8,154,484 · end of year $244

• 12 · Investments: other securities

  beginning of year $59,057,997 · end of year $66,622,679

• 15 · Other assets

  beginning of year $2,873,724 · end of year $2,742,781

• 17 · Accounts payable and accrued expenses

  beginning of year $188,046 · end of year $196,695

• 19 · Deferred revenue

  beginning of year $6,800 · end of year $8,700

• 25 · Other liabilities

  beginning of year $375,419 · end of year $350,079

• 27 · Net assets without donor restrictions

  beginning of year $20,723,240 · end of year $20,219,052

• 28 · Net assets with donor restrictions

  beginning of year $57,457,477 · end of year $56,644,964

The filer's explanations (Part III)

PART I, LINE 3

EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR THE FOUNDATION'S OFFICERS AND KEY EMPLOYEES. THE UNIVERSITY'S DEPARTMENT OF HUMAN RESOURCES MANAGES THE COMPENSATION DETERMINATION PROCESS.

Related corporations and trusts

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

• CHARITABLE REMAINDER UNITRUST (2)

  T · TRUST · NC

  Directly controlled by EAST CAROLINA UNIVERSITY MEDICAL & HEALTH SCIENCES FOUNDATION INC

• CHARITABLE REMAINDER ANNUITY TRUST (1)

  T · TRUST · NC

  Directly controlled by EAST CAROLINA UNIVERSITY MEDICAL & HEALTH SCIENCES FOUNDATION INC