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Nonprofiteer
← NC STATE INVESTMENT FUND INC

Form 990 for tax year 2022

Filed by NC STATE INVESTMENT FUND INC.

Totals

Total revenue
$192,914,509
Total expenses
$79,542,174
Contributions and grants received
$0
Grants paid
$72,362,520
Program service revenue
$100,909,760
Investment income
$92,004,749
Other revenue
$0
Total assets, end of year
$1,982,712,995
Total liabilities, end of year
$755,950
Net assets or fund balances, end of year
$1,981,957,045
Program services expenses (Part IX)
$72,362,520
Management and general expenses
$7,179,654
Fundraising expenses
$0
Program service expenses (Part III)
$72,362,520

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PARTICIPANT ADDITIONS

    total $100,909,760 · related or exempt $100,909,760

  • 3 · Investment income

    total $13,197,360 · unrelated business -$1,098,587 · excluded $14,295,947

  • 7a · Gross sales of assets other than inventory

    securities $133,065,152

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

    securities $54,257,763

  • 7c · Gain or loss

    securities $78,807,389

  • 7d · Net gain or loss

    total $78,807,389 · excluded $78,807,389

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,362,520 · program services $72,362,520

  • 11f · Fees: investment management

    total $7,179,654 · management and general $7,179,654

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $29,818,292 · end of year $109,220,029

  • 12 · Investments: other securities

    beginning of year $1,900,245,099 · end of year $1,873,492,966

  • 17 · Accounts payable and accrued expenses

    beginning of year $872,628 · end of year $755,950

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,929,190,763 · end of year $1,981,957,045

Mission and programs · 2022

Mission

THE ORGANIZATION SUPPORTS NORTH CAROLINA STATE UNIVERSITY BY OPERATING AN INVESTMENT FUND.

  • THE ORGANIZATION INVESTS FUNDS OF THE NORTH CAROLINA STATE UNIVERSITY ENDOWMENT FUND AND OTHER UNIVERSITY-RELATED ENTITIES.

    Expenses $72,362,520 · Grants $72,362,520 · Revenue $100,909,760

As filed on the 2022 return.

Listed in Part VII

  • Christine Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clyde Phillip

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wes Covell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blas Arroyo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Trent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Dejong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula Woodall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brendan Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Harris

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Edward Weisiger

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hans Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Buckless

    DIRECTOR

    Total calculated
    $456,042
    From this org
    $0
    From related orgs
    $398,720
    Other
    $57,322
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,611 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $456,042 related

  • Erin Delehanty

    SECRETARY

    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

  • Charles Maimone

    TREASURER

    Total calculated
    $491,416
    From this org
    $0
    From related orgs
    $376,888
    Other
    $114,528
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $106,817 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $491,416 related

  • Brian Sischo

    VICE CHANCELLOR

    Total calculated
    $795,539
    From this org
    $0
    From related orgs
    $748,696
    Other
    $46,843
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $748,696 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,132 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $795,539 related

  • W Randolph Woodson

    CHANCELLOR

    Total calculated
    $982,436
    From this org
    $0
    From related orgs
    $901,220
    Other
    $81,216
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $901,220 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $73,505 related
    Nontaxable benefits
    $0 + $7,711 related
    Filer's total
    $0 + $982,436 related

  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

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
15 November 2023
IRS schema version
2022v5.0
Source object
202333069349301628

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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