Form 990 for tax year 2024
Filed by NORTH CAROLINA TEXTILE FOUNDATION INC.
Totals
- Total revenue
- $11,450,249
- Total expenses
- $5,466,543
- Contributions and grants received
- $9,413,444
- Grants paid
- $2,370,367
- Program service revenue
- $8,016
- Investment income
- $2,028,789
- Other revenue
- $0
- Total assets, end of year
- $104,571,165
- Total liabilities, end of year
- $356,216
- Net assets or fund balances, end of year
- $104,214,949
- Program services expenses (Part IX)
- $4,031,588
- Management and general expenses
- $790,704
- Fundraising expenses
- $644,251
- Program service expenses (Part III)
- $4,031,588
Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
AMY BIRCHER BRUYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TAMMY BUCKNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH C CALABRESE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JOHNNY L CHAPMAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RICK ELMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES FLYNT JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DENNIS GOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW GRIFFITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLES HEILIG III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID HINKS
DIRECTOR
- Total calculated
- $364,499
- From this org
- $0
- From related orgs
- $312,569
- Other
- $51,930
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $312,569 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $43,835 related
- Nontaxable benefits
- $0 + $8,095 related
- Filer's total
- $0 + $364,499 related
-
WESLEY HORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KENNETH T HUGGINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ELAINE HUGHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHERRY MCCRAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MINDY OAKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEIB OEHMIG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
PRASHANT PRABHU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE RAGSDALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MELISSA STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRENDAN SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NANCY WEBSTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
ROBIN PERKINS
DIRECTOR UNTIL 11/30/24
- Total calculated
- $0
- Hours/week
- 1
-
ERIN DELEHANTY
ASST. TREASURER
- Total calculated
- $249,219
- From this org
- $0
- From related orgs
- $193,638
- Other
- $55,581
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $193,638 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $47,486 related
- Nontaxable benefits
- $0 + $8,095 related
- Filer's total
- $0 + $249,219 related
-
DANA R HARRIS
ASST. TREASURER
- Total calculated
- $369,572
- From this org
- $0
- From related orgs
- $290,290
- Other
- $79,282
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $290,290 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $71,187 related
- Nontaxable benefits
- $0 + $8,095 related
- Filer's total
- $0 + $369,572 related
-
MICHAEL WARD
EXECUTIVE DIRECTOR
- Total calculated
- $261,874
- From this org
- $0
- From related orgs
- $205,771
- Other
- $56,103
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $195,771 related
- Bonus
- $0
- Other
- $0 + $10,000 related
- Deferred
- $0 + $48,008 related
- Nontaxable benefits
- $0 + $8,095 related
- Filer's total
- $0 + $261,874 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
None.
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 3
- THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY, A 115(1) ORGANIZATION RELATED TO THE NORTH CAROLINA TEXTILE FOUNDATION, INC. THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE PAID BY RELATED ORGANIZATION (COLLEGE OF TEXTILES, NC STATE UNIVERSITY). THE COLLEGE DETERMINES THE COMPENSATION OF THE EMPLOYEES BASED ON STATE PAY GRADES AND BUDGETARY CONSIDERATIONS.
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
-
NORTH CAROLINA STATE UNIVERSITY
$2,370,367
TO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES.
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.
-
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES AT NCSU · NC
-
NC STATE UNIVERSITY ALUMNI ASSOCIATION
501(C)(3) · PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN THE COMMUNITY · NC
-
NC STATE ENGINEERING FOUNDATION
501(C)(3) · SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU · NC
-
NC STATE NATURAL RESOURCES FOUNDATION
501(C)(3) · SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU · NC
-
NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC
501(C)(3) · SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY · NC
-
NC STATE UNIVERSITY COLLEGE OF SCIENCES
501(C)(3) · SUPPORTS THE COLLEGE OF SCIENCES AT NCSU · NC
-
NORTH CAROLINA VETERINARY MEDICAL FOUNDATION
501(C)(3) · PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE AT NCSU · NC
-
501(C)(3) · INVEST FUNDS OF NC STATE UNIVERSITY ENDOWMENT & RELATED FOUNDATIONS · NC
Directly controlled by NORTH CAROLINA STATE UNIVERSITY
-
NC STATE UNIVERSITY PARTNERSHIP CORPORATION
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
Directly controlled by NORTH CAROLINA STATE UNIVERSITY
-
NORTH CAROLINA STATE UNIVERSITY
115(1) · EDUCATION · NC
-
NC STATE UNIVERSITY STUDENT AID ASSOCIATION
501(C)(3) · SUPPORTS ATHLETIC PROGRAM AT NCSU · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610219349300506
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