Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $110,400

• 1f · All other contributions, gifts and grants

  $29,887,205

• 1g · Noncash contributions included above

  $4,555,161

• 2a · Program service revenue: PROG.SERV.REVENUE

  total $7,877,605 · related or exempt $7,877,605

• 3 · Investment income

  total $1,974,867 · unrelated business $10,099 · excluded $1,964,768

• 7a · Gross sales of assets other than inventory

  securities $21,433,875 · other assets $629,903

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

  securities $9,696,508 · other assets $376,235

• 7c · Gain or loss

  securities $11,737,367 · other assets $253,668

• 7d · Net gain or loss

  total $11,991,035 · excluded $11,991,035

• 8a · Fundraising events: gross income

  $33,644

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

  $110,400

• 8b · Fundraising events: direct expenses

  $106,007

• 8c · Net income from fundraising events

  total -$72,363 · excluded -$72,363

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,831,387 · program services $20,831,387

• 7 · Other salaries and wages

  total $3,886,526 · fundraising $3,886,526

• 11b · Fees: legal

  total $44,838 · program services $23,753 · management and general $18,410 · fundraising $2,675

• 11c · Fees: accounting

  total $312,620 · program services $174,120 · management and general $138,500

• 11f · Fees: investment management

  total $311,835 · management and general $311,835

• 12 · Advertising and promotion

  total $494,812 · program services $228,330 · fundraising $266,482

• 13 · Office expenses

  total $340,056 · program services $93,184 · fundraising $246,872

• 16 · Occupancy

  total $113,494 · program services $112,091 · fundraising $1,403

• 17 · Travel

  total $1,190,688 · program services $895,732 · fundraising $294,956

• 19 · Conferences, conventions and meetings

  total $365,676 · program services $277,646 · fundraising $88,030

• 22 · Depreciation, depletion and amortization

  total $210,976 · program services $210,976

• 23 · Insurance

  total $100,460 · program services $4,869 · fundraising $95,591

• 24a · Other expenses: SERVICES & FEES

  total $4,411,209 · program services $1,915,985 · fundraising $2,495,224

• 24b · Other expenses: CONTRACTED SERVICES

  total $2,877,726 · program services $831,067 · fundraising $2,046,659

• 24c · Other expenses: SUPPLIES

  total $1,028,996 · program services $781,855 · fundraising $247,141

• 24d · Other expenses: CAPITAL TRANSFERS

  total $775,206 · program services $775,206

• 24e · All other expenses

  total $2,723,654 · program services $932,392 · fundraising $1,791,262

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $59,502,430 · end of year $68,312,446

• 3 · Pledges and grants receivable

  beginning of year $24,109,052 · end of year $23,416,365

• 4 · Accounts receivable

  beginning of year $280,418 · end of year $7,995

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

  $11,053,653

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

  $3,581,438

• 10c · Land, buildings and equipment, net

  beginning of year $7,947,931 · end of year $7,472,215

• 12 · Investments: other securities

  beginning of year $586,281,926 · end of year $585,607,909

• 15 · Other assets

  beginning of year $999,265 · end of year $6,465,027

• 17 · Accounts payable and accrued expenses

  beginning of year $531,171 · end of year $372,415

• 19 · Deferred revenue

  beginning of year $87,105 · end of year $105,135

• 25 · Other liabilities

  beginning of year $4,994,005 · end of year $9,048,561

• 27 · Net assets without donor restrictions

  beginning of year $21,477,821 · end of year $21,518,816

• 28 · Net assets with donor restrictions

  beginning of year $652,030,920 · end of year $660,237,030

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 NORTH CAROLINA STATE UNIVERSITY FOUNDATION.

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 $833,579 · assets $864,335

  Directly controlled by NC 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 FOUNDATION INC

• CHARITABLE LEAD TRUSTS (1)

  T · ASSET INVESTMENT · NC

• CHARITABLE REMAINDER TRUSTS - EXTERNALLY MANAGED (1)

  T · ASSET INVESTMENT · NC