Form 990 for tax year 2023
Filed by NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC.
Totals
- Total revenue
- $3,418,243
- Total expenses
- $2,187,066
- Contributions and grants received
- $2,092,783
- Grants paid
- $966,696
- Program service revenue
- $0
- Investment income
- $997,156
- Other revenue
- $328,304
- Total assets, end of year
- $45,497,415
- Total liabilities, end of year
- $755,127
- Net assets or fund balances, end of year
- $44,742,288
- Program services expenses (Part IX)
- $1,723,078
- Management and general expenses
- $59,618
- Fundraising expenses
- $404,370
- Program service expenses (Part III)
- $1,723,078
Program services were 78.8% 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.
-
1f · All other contributions, gifts and grants
$2,092,783
-
1g · Noncash contributions included above
$172,720
-
3 · Investment income
total $159,003 · excluded $159,003
-
5 · Royalties
total $289,237 · excluded $289,237
-
7a · Gross sales of assets other than inventory
securities $2,630,615
-
7b · Less cost or other basis and sales expenses
securities $1,792,462
-
7c · Gain or loss
securities $838,153
-
7d · Net gain or loss
total $838,153 · excluded $838,153
-
11a · Other revenue: MISC. REVENUE
total $39,067 · excluded $39,067
-
11e · Other revenue, total
$39,067
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $966,696 · program services $966,696
-
7 · Other salaries and wages
total $252,015 · fundraising $252,015
-
11b · Fees: legal
total $7,681 · management and general $7,681
-
11c · Fees: accounting
total $50,500 · management and general $50,500
-
12 · Advertising and promotion
total $43,425 · program services $23,924 · fundraising $19,501
-
13 · Office expenses
total $3,675 · program services $2,462 · fundraising $1,213
-
16 · Occupancy
total $3,323 · program services $3,323
-
17 · Travel
total $90,564 · program services $73,780 · fundraising $16,784
-
19 · Conferences, conventions and meetings
total $45,447 · program services $16,841 · fundraising $28,606
-
23 · Insurance
total $5,918 · program services $51 · fundraising $5,867
-
24a · Other expenses: SERVICES & FEES
total $505,136 · program services $452,174 · management and general $1,437 · fundraising $51,525
-
24b · Other expenses: SUPPLIES
total $145,380 · program services $126,642 · fundraising $18,738
-
24c · Other expenses: PRINTING
total $34,921 · program services $28,662 · fundraising $6,259
-
24d · Other expenses: OTHER CONTRACT SERVICES
total $24,836 · program services $21,381 · fundraising $3,455
-
24e · All other expenses
total $7,549 · program services $7,142 · fundraising $407
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,203,270 · end of year $7,899,305
-
3 · Pledges and grants receivable
beginning of year $278,852 · end of year $476,207
-
4 · Accounts receivable
beginning of year $1,156 · end of year $18,139
-
10a · Land, buildings and equipment: cost or other basis
$123,440
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $123,440
-
12 · Investments: other securities
beginning of year $33,528,809 · end of year $36,976,314
-
15 · Other assets
beginning of year $9,393 · end of year $4,010
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $702,715 · end of year $755,127
-
27 · Net assets without donor restrictions
beginning of year $2,239,327 · end of year $2,703,941
-
28 · Net assets with donor restrictions
beginning of year $38,079,438 · end of year $42,038,347
Mission and programs · 2023
Mission
PROVIDE FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY.
Activities or mission (Part I)
PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY.
-
PROVIDES FINANCIAL SUPPORT FOR ALL TYPES OF EDUCATION AND RESEARCH WITHIN THE COLLEGE OF SCIENCES AT NORTH CAROLINA STATE UNIVERSITY.
Expenses $1,723,078 · Grants $966,696
As filed on the 2023 return.
Listed in Part VII
-
Michael BrooksMICHAEL BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seth CarruthersSETH CARRUTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles CaseCHARLES CASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily GordonEMILY GORDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William FlemingWILLIAM FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roderic Hughes-OliverRODERIC HUGHES-OLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert IvesROBERT IVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LutherMICHAEL LUTHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anita McClernonANITA MCCLERNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara PrillamanBARBARA PRILLAMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Benton Satterfield JrBENTON SATTERFIELD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alejandra ScottALEJANDRA SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aimee SmartAIMEE SMART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert StarbuckROBERT STARBUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael StocumMICHAEL STOCUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William Trent IIIWILLIAM TRENT III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter Turner JrWALTER TURNER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Garnett WhitehurstGARNETT WHITEHURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana HarrisDANA HARRIS
TREASURER
- Total calculated
- $356,161
- From this org
- $0
- From related orgs
- $279,586
- Other
- $76,575
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $277,750 related
- Bonus
- $0
- Other
- $0 + $1,836 related
- Deferred
- $0 + $69,466 related
- Nontaxable benefits
- $0 + $7,109 related
- Filer's total
- $0 + $356,161 related
-
Sharon PresnellSHARON PRESNELL
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Amy RobertsonAMY ROBERTSON
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Erin DelehantyERIN DELEHANTY
ASSISTANT TREASURER
- Total calculated
- $242,020
- From this org
- $0
- From related orgs
- $188,285
- Other
- $53,735
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $188,285 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $46,626 related
- Nontaxable benefits
- $0 + $7,109 related
- Filer's total
- $0 + $242,020 related
-
Tina MorrisonTINA MORRISON
PRESIDENT
- Total calculated
- $212,302
- From this org
- $0
- From related orgs
- $164,875
- Other
- $47,427
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $162,802 related
- Bonus
- $0
- Other
- $0 + $2,073 related
- Deferred
- $0 + $40,318 related
- Nontaxable benefits
- $0 + $7,109 related
- Filer's total
- $0 + $212,302 related
-
Alex SawaiaALEX SAWAIA
SECRETARY
- Total calculated
- $118,579
- From this org
- $0
- From related orgs
- $89,344
- Other
- $29,235
- Hours/week
- 1 + 40 related
-
Dasa SewillDASA SEWILL
ASSISTANT SECRETARY
- Total calculated
- $85,451
- From this org
- $0
- From related orgs
- $60,837
- Other
- $24,614
- Hours/week
- 1 + 40 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
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 COLLEGE OF SCIENCES FOUNDATION.
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
-
NC STATE UNIVERSITY
$966,696
SCHOLARSHIPS, FACULTY SUPPORT, DEPARTMENTAL SUPPORT, AND FACILITY 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.
-
NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC
501(C)(3) · SUPPORTS THE VARIOUS COLLEGES WITHIN THE UNIVERSITY · NC
-
501(C)(3) · INVESTS FUNDS OF NC STATE UNIVERSITY ENDOWMENT AND RELATED ENTITIES · NC
-
NC STATE UNIVERSITY
170(C)(1) · EDUCATION · NC
-
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF AGRICULTURE & LIFE SCIENCES AT NCSU · NC
-
NC STATE UNIVERSITY ALUMNI ASSOCIATION INC
501(C)(3) · PROMOTES ALUMNI AFFAIRS & AWARENESS OF NCSU IN COMMUNITY · NC
-
NC STATE ENGINEERING FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF ENGINEERING AT NCSU · NC
-
NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC
501(C)(3) · PROVIDES FINANCIAL SUPPORT IN THE FIELD OF VETERINARY MEDICINE · NC
-
NC STATE NATURAL RESOURCES FOUNDATION INC
501(C)(3) · SUPPORTS THE COLLEGE OF NATURAL RESOURCES AT NCSU · NC
-
NC STATE UNIVERSITY PARTNERSHIP CORPORATION
501(C)(3) · SUPPORT ORGANIZATION OF NC STATE UNIVERSITY · NC
-
NC STATE UNIVERSITY STUDENT AID ASSOCIATION
501(C)(3) · SUPPORTS ATHLETIC PROGRAM AT NCSU · NC
-
NORTH CAROLINA TEXTILE FOUNDATION INC
501(C)(3) · AIDS EDUCATION AND RESEARCH IN THE COLLEGE OF TEXTILES OF NCSU · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (1)
T · ASSET INVESTMENT · NC
Directly controlled by NCSU COLLEGE OF SCIENCES FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443319349300719
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