Form 990 for tax year 2022
Filed by NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION.
Totals
- Total revenue
- $6,379,459
- Total expenses
- $4,039,697
- Contributions and grants received
- $4,120,331
- Grants paid
- $1,025,914
- Program service revenue
- $478,783
- Investment income
- $1,585,369
- Other revenue
- $194,976
- Total assets, end of year
- $62,979,501
- Total liabilities, end of year
- $195,442
- Net assets or fund balances, end of year
- $62,784,059
- Program services expenses (Part IX)
- $2,579,867
- Management and general expenses
- $248,056
- Fundraising expenses
- $1,211,774
- Program service expenses (Part III)
- $2,579,867
Program services were 63.9% 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.
-
1b · Membership dues
$2,799,206
-
1c · Fundraising events
$30,000
-
1d · Related organizations
$500,000
-
1f · All other contributions, gifts and grants
$791,125
-
1g · Noncash contributions included above
$5,135
-
2a · Program service revenue: OTHER PROGRAMS
total $315,358 · related or exempt $315,358
-
2b · Program service revenue: EVENTS
total $125,760 · related or exempt $125,760
-
2c · Program service revenue: ALUMNI MAGAZINE & ADVERTISING
total $37,665 · unrelated business $37,665
-
3 · Investment income
total $30,538 · excluded $30,538
-
5 · Royalties
total $154,120 · excluded $154,120
-
7a · Gross sales of assets other than inventory
securities $2,692,497
-
7b · Less cost or other basis and sales expenses
securities $1,137,666
-
7c · Gain or loss
securities $1,554,831
-
7d · Net gain or loss
total $1,554,831 · excluded $1,554,831
-
8a · Fundraising events: gross income
$9,805
-
8a · Fundraising events: contributions included on line 1c
$30,000
-
8b · Fundraising events: direct expenses
$168,371
-
8c · Net income from fundraising events
total -$158,566 · excluded -$158,566
-
11a · Other revenue: NC STATE CLUB
total $199,422 · excluded $199,422
-
11e · Other revenue, total
$199,422
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,025,914 · program services $1,025,914
-
7 · Other salaries and wages
total $746,431 · management and general $1,000 · fundraising $745,431
-
11b · Fees: legal
total $7,128 · management and general $7,128
-
11c · Fees: accounting
total $56,000 · management and general $56,000
-
12 · Advertising and promotion
total $25,252 · program services $25,252
-
13 · Office expenses
total $34,890 · program services $31,429 · management and general $870 · fundraising $2,591
-
16 · Occupancy
total $55,081 · program services $962 · management and general $54,119
-
17 · Travel
total $182,723 · program services $170,795 · management and general $278 · fundraising $11,650
-
19 · Conferences, conventions and meetings
total $67,129 · program services $53,075 · management and general $1,605 · fundraising $12,449
-
23 · Insurance
total $17,588 · program services $2,692 · fundraising $14,896
-
24a · Other expenses: SERVICES & FEES
total $808,121 · program services $385,814 · management and general $45,727 · fundraising $376,580
-
24b · Other expenses: CONTRACTED SERVICES
total $331,101 · program services $319,244 · management and general $9,757 · fundraising $2,100
-
24c · Other expenses: PRINTING AND BINDING
total $257,844 · program services $257,671 · fundraising $173
-
24d · Other expenses: SUPPLIES
total $183,377 · program services $169,046 · management and general $5,144 · fundraising $9,187
-
24e · All other expenses
total $241,118 · program services $137,973 · management and general $66,428 · fundraising $36,717
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,237,829 · end of year $3,558,323
-
3 · Pledges and grants receivable
beginning of year $573,599 · end of year $329,106
-
10a · Land, buildings and equipment: cost or other basis
$2,177,023
-
10b · Land, buildings and equipment: accumulated depreciation
$2,177,023
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $59,867,324 · end of year $58,860,993
-
15 · Other assets
beginning of year $219,393 · end of year $231,079
-
17 · Accounts payable and accrued expenses
beginning of year $6,154 · end of year $94,035
-
19 · Deferred revenue
beginning of year $2,486,166 · end of year $0
-
25 · Other liabilities
beginning of year $78,654 · end of year $101,407
-
27 · Net assets without donor restrictions
beginning of year $13,349,424 · end of year $15,303,896
-
28 · Net assets with donor restrictions
beginning of year $47,977,747 · end of year $47,480,163
Mission and programs · 2022
Mission
THE NC STATE ALUMNI ASSOCIATION ENGAGES ALUMNI AND FRIENDS THROUGH PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO NC STATE UNIVERSITY ("NC STATE").
Activities or mission (Part I)
SEE SCHEDULE OTHE NC STATE ALUMNI ASSOCIATION ENGAGES ALUMNI AND FRIENDS THROUGH PROGRAMS AND SERVICES THAT FOSTER PRIDE AND ENHANCE A LIFELONG CONNECTION TO NC STATE UNIVERSITY ("NC STATE").
-
NCSU ALUMNI ASSOCIATION PUBLISHES AN ALUMNI MAGAZINE, SERVES AS AN ORGANIZER FOR ALUMNI FUNCTIONS, AWARDS SCHOLARSHIPS AND PROMOTES AWARENESS OF NCSU IN THE COMMUNITY.
Expenses $2,579,867 · Grants $1,025,914 · Revenue $441,118
As filed on the 2022 return.
Listed in Part VII
-
Lyndenise Berdecia RiveraLYNDENISE BERDECIA RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan BrooksSUSAN BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angelo Demarcus WilliamsANGELO DEMARCUS WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea DuhonANDREA DUHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edwin FoulkeEDWIN FOULKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HolmDAVID HOLM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly HookKELLY HOOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ged KingGED KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Quauhtli Olivieri HerreraQUAUHTLI OLIVIERI HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Will QuickWILL QUICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samantha WarrenSAMANTHA WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane MonacoJANE MONACO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan DejongRYAN DEJONG
SECRETARY/ TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Charles FlinkCHARLES FLINK
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ryan HesterRYAN HESTER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Katherine StoweKATHERINE STOWE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dana HarrisDANA HARRIS
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
William JohnstonWILLIAM JOHNSTON
EX-OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erin C DelehantyERIN C 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
-
Derek R BryanDEREK R BRYAN
CFO
- Total calculated
- $204,509
- From this org
- $0
- From related orgs
- $158,319
- Other
- $46,190
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $158,319 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $38,479 related
- Nontaxable benefits
- $0 + $7,711 related
- Filer's total
- $0 + $204,509 related
-
Reshunda MahoneRESHUNDA MAHONE
EXECUTIVE DIRECTOR
- Total calculated
- $109,273
- From this org
- $0
- From related orgs
- $93,207
- Other
- $16,066
- Hours/week
- 1 + 40 related
-
Brian C SischoBRIAN C SISCHO
DIRECTOR
- 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
-
Mary Peloquin-DoddMARY 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
-
NORTH CAROLINA STATE UNIVERSITY
$1,025,914
SCHOLARSHIPS AND OTHER UNIVERSITY SUPPORT
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.
-
NC STATE UNIVERSITY FOUNDATION INC
501(C)(3) · SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY · NC
-
NC STATE UNIVERSITY
170(C)(1) · EDUCATION · NC
-
501(C)(7) · PROVIDES DINING FACILITY FOR NCSU ALUMNI AND STAFF · NC
-
NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC
501(C)(3) · SUPPORTS ATHLETIC PROGRAM AT NCSU · NC
-
NC STATE ENGINEERING FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU · NC
-
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF AGRICULTURE AND LIFE SCIENCES AT NCSU · NC
-
501(C)(3) · INVEST FUNDS OF NC STATE UNIVERSITY AND RELATED ENTITIES · NC
-
NC STATE NATURAL RESOURCES FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU · NC
-
NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF SCIENCES AT NCSU · NC
-
NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC
501(C)(3) · PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE · NC
-
NC STATE UNIVERSITY PARTNERSHIP CORPORATION
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
-
NORTH CAROLINA TEXTILE FOUNDATION INC
501(C)(3) · AIDS EDUCATION & RESEARCH IN THE COLLEGE OF TEXTILES AT NCSU · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333549349301108
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